Neodymium Permanent Magnet 20160112
Analysis of Development Situation of Neodymium Magnets in USA, Asia and Europe
Market of permanent magnet in USA is similar to that in Japan. In the last five years, the average annual growth rate is 12.1%, among which bonded neodymium gradually become the mainstream product in the market, of which the average annual growth rate is 20%. The biggest market of bonded NdFeB is mechanical and electrical products. There are 40 permanent magnet manufacturers in USA, with a even split between sintered neodymium magnet manufacturers and bonded ones.
Japan and USA have something in common in the development of neodymium permanent magnet . They focus on the developing of high-end sintered and bonded NdFeB magnets and transfer the production of low-end and some mid-end NdFeB and ferrite magnets overseas. Though they need to import the products abroad, the products are still cheaper than those produced locally. For example, USA’s 15%-20% of the demand depends on oversea importation, which is an important market for China to earn foreign exchange through export. After early 1990s, China rises in permanent magnet market. Till 2000, the whole production of magnetic material soared 6 times, reaching 248,000 tons. China becomes one of the two main neodymium-material producing countries, on the equal footing with Japan. Why can China become the biggest producing country in a short time? On one hand, it absorbs the production capacity transferred from USA and Japan. On the other hand, China has rich rare earth resource, which is the essential raw material for neodymium magnets. 70% of the world’s rare earth resource is in China, which lays the foundation of the development of rare earth permanent magnet industry.
China gets the maximum market share in Asia. Domestic neodymium magnet industry develops rapidly and the technology continually improves. Depending on the advantage of local rare earth industry, China’s production yield of NdFeB magnet is much higher than the foreign counterpart. From 2011, a large amount of non-government capital rush into the market, price and NdFeB industry in the near future attract much attention, especially influenced by international economic crisis, policies and upstream and downstream demands.
Because China has the most rare earth reverse and is the largest producing country, some European manufactures closed their plants and transfer the production capacity to China. Now USA has no high-performance neodymium production base, while in Europe, only German and Finland have the annual production yield less 2000 tons.
Market of permanent magnet in USA is similar to that in Japan. In the last five years, the average annual growth rate is 12.1%, among which bonded neodymium gradually become the mainstream product in the market, of which the average annual growth rate is 20%. The biggest market of bonded NdFeB is mechanical and electrical products. There are 40 permanent magnet manufacturers in USA, with a even split between sintered neodymium magnet manufacturers and bonded ones.
Japan and USA have something in common in the development of neodymium permanent magnet . They focus on the developing of high-end sintered and bonded NdFeB magnets and transfer the production of low-end and some mid-end NdFeB and ferrite magnets overseas. Though they need to import the products abroad, the products are still cheaper than those produced locally. For example, USA’s 15%-20% of the demand depends on oversea importation, which is an important market for China to earn foreign exchange through export. After early 1990s, China rises in permanent magnet market. Till 2000, the whole production of magnetic material soared 6 times, reaching 248,000 tons. China becomes one of the two main neodymium-material producing countries, on the equal footing with Japan. Why can China become the biggest producing country in a short time? On one hand, it absorbs the production capacity transferred from USA and Japan. On the other hand, China has rich rare earth resource, which is the essential raw material for neodymium magnets. 70% of the world’s rare earth resource is in China, which lays the foundation of the development of rare earth permanent magnet industry.
China gets the maximum market share in Asia. Domestic neodymium magnet industry develops rapidly and the technology continually improves. Depending on the advantage of local rare earth industry, China’s production yield of NdFeB magnet is much higher than the foreign counterpart. From 2011, a large amount of non-government capital rush into the market, price and NdFeB industry in the near future attract much attention, especially influenced by international economic crisis, policies and upstream and downstream demands.
Because China has the most rare earth reverse and is the largest producing country, some European manufactures closed their plants and transfer the production capacity to China. Now USA has no high-performance neodymium production base, while in Europe, only German and Finland have the annual production yield less 2000 tons.
